WINTON GROUP Ltd Buys Shares of 56,557 WaFd, Inc (NASDAQ:WAFD)

WINTON GROUP Ltd purchased a new position in WaFd, Inc (NASDAQ:WAFD) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 56,557 shares of the bank’s stock, valued at approximately $1,616,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in WaFd by 1.6% during the first quarter. Vanguard Group Inc. now owns 7,902,461 shares of the bank’s stock valued at $229,408,000 after purchasing an additional 125,020 shares during the period. American Century Companies Inc. grew its holdings in shares of WaFd by 31.6% in the 2nd quarter. American Century Companies Inc. now owns 1,274,665 shares of the bank’s stock valued at $36,430,000 after buying an additional 305,942 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of WaFd by 7.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,030,035 shares of the bank’s stock valued at $33,950,000 after buying an additional 73,345 shares during the period. Bank of New York Mellon Corp raised its stake in WaFd by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 728,619 shares of the bank’s stock worth $20,824,000 after buying an additional 9,262 shares during the period. Finally, Clearbridge Investments LLC raised its stake in WaFd by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 606,140 shares of the bank’s stock worth $17,596,000 after buying an additional 12,910 shares during the period. 83.71% of the stock is owned by institutional investors and hedge funds.

WaFd Trading Up 2.6 %

Shares of NASDAQ:WAFD opened at $35.73 on Monday. The stock has a market capitalization of $2.91 billion, a PE ratio of 13.59 and a beta of 0.83. The company’s 50-day moving average price is $34.27 and its two-hundred day moving average price is $30.04. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.11 and a quick ratio of 1.09. WaFd, Inc has a one year low of $23.36 and a one year high of $37.49.

WaFd (NASDAQ:WAFD) last released its earnings results on Tuesday, July 16th. The bank reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.18. WaFd had a net margin of 14.13% and a return on equity of 9.58%. The business had revenue of $194.44 million during the quarter, compared to analysts’ expectations of $185.36 million. During the same period last year, the business earned $0.89 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that WaFd, Inc will post 3 EPS for the current fiscal year.

WaFd Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 23rd were issued a $0.26 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.91%. WaFd’s payout ratio is 39.54%.

Analyst Ratings Changes

WAFD has been the topic of a number of research analyst reports. StockNews.com raised WaFd from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Stephens lifted their price target on shares of WaFd from $32.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, July 18th. Finally, Piper Sandler upped their price target on shares of WaFd from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 20th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.25.

WaFd Profile

WaFd, Inc operates as the bank holding company for Washington Federal Bank that provides lending, depository, insurance, and other banking services in the United States. The company offers deposit products, including business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts.